| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.2B | $3.4B | $1.9B | -34.7% | 16.6% |
| Op. Income | -$496M | $1.5B | $235M | -133.2% | -311.2% |
| Gross Margin | 82.7% | 86.5% | 81.9% | -3.8pp | 0.8pp |
| Net Margin | -15.7% | 128.8% | 16.8% | -144.5pp | -32.5pp |
| EPS (Diluted) | $-0.55 | $6.63 | $0.48 | -108.3% | -214.6% |
| Free Cash Flow | $93M | $1.3B | $454M | -92.9% | -79.5% |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $384M |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $432M |
| Selling & Marketing | $424M |
| General & Administrative | $1.2B |
| SG&A Expenses | $1.6B |
| Other Expenses | $271M |
| Operating Expenses | $2.3B |
| Cost & Expenses | $2.7B |
| OPERATING INCOME | -$496M |
| Interest Income | $192M |
| Interest Expense | $71M |
| Other Income/Expenses | $113M |
| INCOME BEFORE TAX | -$383M |
| Income Tax Expense | -$34M |
| Net Income from Continuing Ops | -$349M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$349M |
| Net Income Deductions | $2M |
| BOTTOM LINE NET INCOME | -$351M |
| D&A | $16M |
| EBIT | -$312M |
| EBITDA | -$296M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$349M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $290M |
| Deferred Income Tax | -$116M |
| Other Non-Cash Items | $92M |
| Change in Working Capital | $130M |
| OPERATING CASH FLOW | $63M |
| Capital Expenditure | $30M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$943M |
| Sales/Maturities of Investments | $552M |
| Other Investing Activities | -$84M |
| NET CASH FROM INVESTING | -$475M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$752M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$419M |
| NET CASH FROM FINANCING | -$1.2B |
| FREE CASH FLOW | $93M |
| Net Change in Cash | -$1.4B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6.9B |
| Short-Term Investments | $3.2B |
| Net Receivables | $6.1B |
| Inventory | $0 |
| Other Current Assets | $364M |
| TOTAL CURRENT ASSETS | $16.5B |
| PP&E (Net) | $279M |
| Goodwill | $752M |
| Intangible Assets | $40M |
| Long-Term Investments | $0 |
| Tax Assets | $2.9B |
| Other Non-Current Assets | $184M |
| TOTAL NON-CURRENT ASSETS | $4.1B |
| TOTAL ASSETS | $20.6B |
| Account Payables | $141M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1.4B |
| Other Current Liabilities | $436M |
| TOTAL CURRENT LIABILITIES | $9.9B |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $287M |
| TOTAL NON-CURRENT LIABILITIES | $2.5B |
| TOTAL LIABILITIES | $12.5B |
| Common Stock | $0 |
| Additional Paid-In Capital | $11.6B |
| Retained Earnings | -$3.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$49M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.2B |
| TOTAL LIABILITIES & EQUITY | $20.6B |
| Total Debt | $2.3B |
| Net Debt | -$4.6B |
